October 2018

NOVATEK - In the third quarter and the nine months of 2018, profit attributable to shareholders of PAO NOVATEK increased to RR 45.9 billion (RR 15.23 per share), or by 21.6%, and to RR 121.1 billion (RR 40.17 per share), or by 8.1%, respectively, as compared to the corresponding periods in 2017.

HUSKY ENERGY - Net earnings were $545 million, a 300 percent increase compared to $136 million in Q3 2017. Net debt at the end of the quarter was lowered to $2.6 billion.

NOV VARCO - National Oilwell Varco, Inc. (NYSE: NOV) reported third quarter 2018 revenues of $2.15 billion, an increase of two percent compared to the second quarter of 2018 and an increase of 17 percent from the third quarter of 2017. Operating profit for the third quarter of 2018 was $73 million, or 3.4 percent of sales, Adjusted EBITDA (operating profit excluding depreciation and amortization) was $245 million, or 11.4 percent of sales, and net income was $1 million.

REUTERS - Front-month Brent crude oil futures LCOc1 were at $76.52 a barrel at 0658 GMT, up 1 cent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were weaker, down 10 cents at $66.33 a barrel, pressured by a report by the American Petroleum Institute (API) that U.S. crude stocks rose by 9.9 million barrels in the week to Oct. 19 to 418.4 million barrels.

TASS - Saudi Arabia is a very responsible country, for decades we used our oil policy as responsible economic tool and isolated it from politics. So lets hope that the world would deal with the political crisis, including the one with Saudi citizen in Turkey, with wisdom. And we will exercise our wisdom both in political and economic fronts.

МИНЭНЕРГО РОССИИ - Наш товар безальтернативен. Ни американцы, ни катарцы, ни норвежцы, ни африканцы не могут поставить такие объемы за такую низкую цену. Поэтому надо дать возможность нашим партнёрам сходить ко всем трём продавцам, попробовать договориться. Они в итоге все равно к нам вернутся, лишние деньги никто тратить не хочет.

EIA - Iran's crude oil exports and production have declined since the May 2018 announcement by the United States that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions against Iran.

U.S. DC - When contracting with U.S. companies on public tenders, the citizens of Uzbekistan can be guaranteed that there are no shady deals involved. The 1977 Foreign Corrupt Practices Act prohibits U.S. companies from engaging in any type of corrupt practice to win contracts. The law is strictly enforced by the U.S. Department of Justice and has been instrumental in fighting corruption.

REUTERS - Saudi Arabia has agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan’s government said on Tuesday.

REUTERS - Russia’s Rosneft (ROSN.MM) and U.S. ExxonMobil (XOM.N) plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.